Statement of Changes in Beneficial Ownership (4)
May 11 2020 - 4:54PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
LBT 2019 Trust |
2. Issuer Name and Ticker or Trading Symbol
BOULDER GROWTH & INCOME FUND
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BIF
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
3000 A STREET SUITE 200 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/5/2020 |
(Street)
ANCHORAGE, AK 99503
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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COMMON STOCK | 5/5/2020 | | S | | 3571918 (1) | D | $9.26 | 0 | D (2)(3) | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | On May 5, 2020, the Reporting Person (also referred to as the "2019 Trust") distributed the following shares (the "Shares") of Boulder Growth & Income Fund, Inc. (the "Company") to the following affiliated trusts: 791,887 Shares to the John X. Ciciora Trust; 926,677 Shares to the Jack S. Ciciora Trust; 926,677 to the Amanda N. Ciciora Trust; and 926,677 Shares to the Courtney M. Ciciora Trust (together, the "Recipient Trusts"). The Reporting Person distributed the Shares pursuant to a general power of appointment granted to John X. Ciciora, Jack S. Ciciora, Amanda N. Ciciora and Courtney M. Ciciora (each, a "Beneficiary") in its governing trust instrument. Under the terms of the 2019 Trust, each Beneficiary has the right to appoint their respectively allocated Shares in their discretion and each Beneficiary has directed the 2019 Trust's trustee to transfer their allocated Shares to the Recipient Trust associated with their name as set forth above. |
(2) | The trustee of the 2019 Trust is Peak Trust Company-AK, which may be deemed to control the 2019 Trust. As a result of being a beneficiary under the 2019 Trust and his advisory role with the 2019 Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the 2019 Trust. However, Mr. Horejsi disclaims such beneficial ownership of the shares directly beneficially held by the 2019 Trust. |
(3) | The 2019 Trust and trusts, persons and entities affiliated with the 2019 Trust, including Lola Brown Trust No. 1B, Ernest Horejsi Trust No. 1B, Mildred B. Horejsi Trust, Stewart R. Horejsi Trust No. 2, Stewart West Indies Trust, Susan L. Ciciora Trust, John S. Horejsi Trust, John X. Ciciora Trust, Jack S. Ciciora Trust, Amanda N. Ciciora Trust, Courtney M. Ciciora Trust and Susan L. Ciciora own an aggregate of 45,384,254 shares of the Company. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LBT 2019 Trust 3000 A STREET SUITE 200 ANCHORAGE, AK 99503 |
| X |
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Signatures
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/s/ Matthew Blattmachr | | 5/11/2020 |
**Signature of Reporting Person | Date |
President Peak Trust Company, Trustee of the Trust | | 5/11/2020 |
**Signature of Reporting Person | Date |
Stewart R. Horejsi | | 5/11/2020 |
**Signature of Reporting Person | Date |
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